In August OnTheMarket undertook a comprehensive survey of our agent partners to gauge their views on the state of the market in their areas and other issues affecting them and their businesses.
We had a great response from agents up and down the country, providing their feedback on local resale and rental prices; levels of buyer and renter interest; their confidence in the market and optimism for the future.
The results were picked up in the trade press by Estate Agent Today, which focused on agents’ sentiments on prices.
Below is a list of the questions and results.
1. How would you describe current buyer interest?
| Answer choices |
Responses |
| Better than expected with many enquiries |
68.91% |
The number of enquiries are as expected
|
20.41% |
Less enquiries than expected
|
10.67% |
2. Describe recent interest in lettings properties from potential tenants?
| Answer choices |
Responses |
| Better than expected with many enquiries |
67.92% |
| The number of enquiries are as expected |
21.39% |
| Less enquiries than expected |
10.68% |
3. How would you describe the number of new instructions for sales properties that you have received since the housing market reopened?
| Answer choices |
Responses |
| Better than expected |
53.15% |
| As I expected |
32.12% |
| Less than I expected |
14.72% |
4. How would you describe the number of new instructions for rental properties that you have received since the housing market reopened?
| Answer choices |
Responses |
| Better than expected |
30.38% |
| As I expected |
46.42% |
| Less than I expected |
23.21% |
5. How would you describe current house prices in your area?
| Answer choices |
Responses |
| They have risen post lockdown |
44.03% |
| Same as pre-lockdown |
48.88% |
| Reduced since the market reopened |
7.09% |
6. How would you describe monthly rents in your area?
| Answer choices |
Responses |
| They have risen post lockdown |
34.59% |
| Same as pre-lockdown |
56.39% |
| Reduced since the market reopened |
9.02% |
7. What do you expect will happen to house prices in your area over the next 3 months?
| Answer choices |
Responses |
| We think they will reduce |
20.96% |
| We think they will rise |
23.90% |
| We think there won’t be any significant change for a while |
55.15% |
8. What do you expect will happen to rents in your area over the next 3 months?
| Answer choices |
Responses |
| We think they will reduce |
11.96% |
| We think they will rise |
34.39% |
| We think there won’t be any significant change for a while |
53.64% |
9. If you have experienced an increase in market activity, does this give you confidence for the future?
| Answer choices |
Responses |
| I have not experienced an increase in market activity |
6.75% |
| I believe the increase will continue for approximately the next three months |
38.93% |
| I believe the increase will continue for approximately the next six months |
21.28% |
| I believe the increase in market activity will be short-lived |
33.04% |
10. Thinking about the next 3 months, which month do you think will be your busiest?
| Answer choices |
Responses |
| August |
23.02% |
| September |
62.54% |
| October |
14.43% |
11. Have housing needs/preferences changed post lockdown? (Please tick all that apply)
| Answer choices |
Responses |
| No |
20.00% |
| More people want a garden/outdoor space |
55.69% |
| People want to upsize with more space |
25.00% |
| We have seen a rise in the number of people who want to move into our area from outside it |
35.34% |
